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Jul 25, 2011
07/11
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i'm paying taxes big time all my life. now the thing is, i am so upset with the ignorance with the calls that come in and it's devastating to say that the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there's a goal to tear down the little guy, of course, and then, of course, the goal is to destroy obama which is unspeakable. the middle class and the poor are suffering. and all because of money, money, money. that's what's so upsetting to me. >> guest: well, there's absolutely no question that there's a growing gap between the have's and have not's in the world and in the united states as well. and it's not just an issue of wealth, although that's clearly one of the issues. it's also an issue of education, which is going to have profound impacts on us in the future. importantly, the comprehensive tax reform that's outlined in the comeback america restoring fiscal insanity report under both frame works anyone who makes something above the poverty level will pay something. those who end
i'm paying taxes big time all my life. now the thing is, i am so upset with the ignorance with the calls that come in and it's devastating to say that the rich are helping the poor to get jobs is absolutely ludicrous. i am so upset because there's a goal to tear down the little guy, of course, and then, of course, the goal is to destroy obama which is unspeakable. the middle class and the poor are suffering. and all because of money, money, money. that's what's so upsetting to me. >>...
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Jul 20, 2011
07/11
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that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the house, we can't extend the debt ceiling, which we have to do. so now we await the house of representatives with our bicameral form of ledges slay taourbgs that's what we -- with our bicameral form of legislature, that's what we must do. they know we know time is of the essence. we know all the partisanship shown in the house of representatives, including thaeurl spending so much time on -- including their spending so much time on this plan they call cap, cut and balance, which others call cap, cut and destroy medicare and all the other names this program has been given. we have to get now where w
that took care of the big problem they had with new york, big, massive new york with a lot of area and lots of people; little, tiny rhode island, not much area and not many people. the reason i say we return to our roots is we're not going to be able to do the fundamental principle that guides this country in the last 11 or 12 days *f legislative session. and that is we cannot default on our debt. we in the senate, we can have the greatest ideas in the world, but if they're not accepted in the...
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Jul 18, 2011
07/11
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it just shows we are constantly learning. where we get new information, we work to apply that and complement it. >> those of us who are old enough to remember can remember in the late 70s and 80s, there was protest. a person is referencing what they are seeing out there today. and i guess ultimately, the question is what do you think is the level of support for nuclear power. is there -- as a follow up, is there an increased level of opposition in the united states as a result of the japan disaster? >> boy, that's a difficult one for me to answer. a lot of people do polling to answer these questions. generally i see -- mostly i read these in the newspaper. there's probably i'd say there's support for nuclear power in the country. and but i think there's concern about there's opposition as well. i had a chance, actually, a few months ago to go up to the indian point nuclear power plant which is a plant in new york that has a lot of public interest. and outside the gate of the plant were about four or five or maybe ten people w
it just shows we are constantly learning. where we get new information, we work to apply that and complement it. >> those of us who are old enough to remember can remember in the late 70s and 80s, there was protest. a person is referencing what they are seeing out there today. and i guess ultimately, the question is what do you think is the level of support for nuclear power. is there -- as a follow up, is there an increased level of opposition in the united states as a result of the...
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Jul 26, 2011
07/11
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so we can do the big things that will show our debtors and the rest of the world that we can live within our means and that our democracy can work to do the things that will make us good not for the next week, not for the next six months but for our children and grandchildren. that's what we ought to be doing right now, and i have faith that we're going to have to do something temporary for the next few months while we work out the details, but i know if we get together, we can do this. but i surely don't want our military to have to worry about it for one week or three months or six months, because they deserve better. thank you, madam president. and i yield the floor and i suggest the absence of a quorum. mr. thune: madam president? the presiding officer: will the senator withhold mehr quorum call? -- withhold her quorum call? will the senator from texas withhold her quorum call? mrs. hutchison: i will. mr. thune: thank you, madam president. the presiding officer: the senator from south dakota. mr. thune: i am happy to be a cosponsor of the senator from texas's legislation. she's absol
so we can do the big things that will show our debtors and the rest of the world that we can live within our means and that our democracy can work to do the things that will make us good not for the next week, not for the next six months but for our children and grandchildren. that's what we ought to be doing right now, and i have faith that we're going to have to do something temporary for the next few months while we work out the details, but i know if we get together, we can do this. but i...
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Jul 22, 2011
07/11
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yesterday in the wall street journal op-ed piece by [speaking in native tongue] --tim geithner the lead of the foundation for innovation, economic growth and job creation. however for millions of americans the 1-year anniversary of dodd-frank provides little comfort that they continue to deal with the harsh economic reality marked by little to no innovation, anemic economic growth and no job creation. the unemployment rate remains stubbornly above 9% with more than fourteen million americans out of work. than fourteen million americans out of work. the secretary also wrote that the obama administration expects quote backing from both sides of the aisle when the debate over financial reform, implying there wasn't any. the truth is there was a great deal of agreement on a number of issues until the white house decided the only issue that mattered was the creation of a massive new consumer bureaucracy. in fact we had agreed to create a consolidated banking regulator with the authority of the federal reserve, occ, and fdic joined in a single entity. it even had a name, financial institution
yesterday in the wall street journal op-ed piece by [speaking in native tongue] --tim geithner the lead of the foundation for innovation, economic growth and job creation. however for millions of americans the 1-year anniversary of dodd-frank provides little comfort that they continue to deal with the harsh economic reality marked by little to no innovation, anemic economic growth and no job creation. the unemployment rate remains stubbornly above 9% with more than fourteen million americans...
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Jul 7, 2011
07/11
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the most recent has been taken to new york city. the other issue is we are looking at the best practices, how we can expand and communicate and also disrupt piracy enterprises, and that is what the congressman royce and smith used to kid articulately that we need to look at how we can disrupt all the financial assistance that's being accumulated by the pirates and the assistance coming in from outside and to the pirates as well as arms flows and other issues. going to the questions on the state sponsored terrorism that is a very difficult question. at the end of the last administration it was as a country of concern and therefore it was an area or country that we are looking at and now because of its support for aimed against ethiopia but also the regional at the camps we are also looking very carefully and also the arms flows not just eritrea but all countries in all areas and one of the things we've learned in somalia is we need to keep out and all outsiders to give them an opportunity to resolve the problems themselves because ul
the most recent has been taken to new york city. the other issue is we are looking at the best practices, how we can expand and communicate and also disrupt piracy enterprises, and that is what the congressman royce and smith used to kid articulately that we need to look at how we can disrupt all the financial assistance that's being accumulated by the pirates and the assistance coming in from outside and to the pirates as well as arms flows and other issues. going to the questions on the state...
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Jul 28, 2011
07/11
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but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker, and made -- it made for an interesting time to be a staff person. now, on another occasion he had a couple of raccoons bothering his -- on his property and they were bothering some -- a den of baby foxes and he didn't want the baby foxes to be killed by the raccoons so he took out a shotgun, went down to the end of his property and shot the two raccoons and then climbed this the car with his state trooper and headed off to work and of course described this exciting episode of his morning and the trooper said to him, governor, don't you realize that it'
but he was bold and he was willing to take big, big leaps. i guess back to his early days as a broad jumper he was willing to take big, big leaps. as a staff perpendicular, he was extraordinary to work for. i've told the story of opening day. a few of us were in on that news but it had to be very closely held because you'd have created a run on all those banks if word had leaked. so even many of his staff people had no idea this was going on until he announced it. so that was kind of a shocker,...
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Jul 27, 2011
07/11
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the presiding officer: the senator from new york. mr. schumer: first i want to thank my good friend and colleague from maryland for her great words. she comes from the heart of maryland and the heart of america. very few people i have met in politics in my many years in this endeavor have an understanding of how average people feel and think and tick than the great senator from the state of maryland. and i want to thank her for her outstanding remarks. if this body on both sides of the aisle would listen to her and her commonsense intelligence, we'd be in a lot better shape than we are now. so i thank my colleague from the great state of maryland, the senior senator. now, madam president, i rise today to discuss the deadlock we've reached in the debate over raising the nation's debt ceiling. two nights ago the president spoke and put the current stalemate in the context it belongs. the result of a small block within the -- small bloc within the house republicans that refuses to compromise even one inch. it is on their shoulders. we have
the presiding officer: the senator from new york. mr. schumer: first i want to thank my good friend and colleague from maryland for her great words. she comes from the heart of maryland and the heart of america. very few people i have met in politics in my many years in this endeavor have an understanding of how average people feel and think and tick than the great senator from the state of maryland. and i want to thank her for her outstanding remarks. if this body on both sides of the aisle...
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Jul 6, 2011
07/11
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you know what it will show? it'll show over $400,000 worming of duplication. so the problem is that we don't have enough revenue. the problem is that we're wasteful in almost everything that we do because congress won't do the appropriate oversight for the things that are legitimate roles for the federal government. and the first person that doesn't have to have any risk of no food safety, the first person doesn't have to have any risk of not having medicare or not having their social security. the first person doesn't have to have any risk if the congress will actually do its job, yet we refuse to do our job, because each one of these little programs has a little political body in itself that's taking and sucking off the federal government. many times not a legitimate role under the enumerated powers of the constitution that's a role for the federal government. i get letters all the time in my office, please fund this, please fund this. my answer back is so me in enumerated powers where it is the role of the federal government to do that. if it is truly our r
you know what it will show? it'll show over $400,000 worming of duplication. so the problem is that we don't have enough revenue. the problem is that we're wasteful in almost everything that we do because congress won't do the appropriate oversight for the things that are legitimate roles for the federal government. and the first person that doesn't have to have any risk of no food safety, the first person doesn't have to have any risk of not having medicare or not having their social security....
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Jul 1, 2011
07/11
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in total freedom house today rates 22 countries as free and 10 as partly free. so there is work to be done among the countries that are partly free in bolivia, colombia, ecuador, guatemala, haiti, honduras, to mention if you. but in most cases the trends are positive. of particular concern are those countries that are rated as free, were rated as free in 1981 but are now only rated as partially free such as in venezuela. let me just mention a few concerns of mine. line is the tendency toward centralization of power. in the 1980s the military in many countries ruled under authoritarian rule, issuing decrees instead of allowing for the elaboration of laws. today, the trend is toward extension of term limits. we see that trend in venezuela, ecuador, bolivia and recently in paraguay. in guatemala the presidential candidate took an unusual route to ensure her eligibility for the president. in order as she put it to marry her country. perhaps such a move is technically legal, but it clearly circumvent the spirit of the law. even colombia passed a law to allow a third
in total freedom house today rates 22 countries as free and 10 as partly free. so there is work to be done among the countries that are partly free in bolivia, colombia, ecuador, guatemala, haiti, honduras, to mention if you. but in most cases the trends are positive. of particular concern are those countries that are rated as free, were rated as free in 1981 but are now only rated as partially free such as in venezuela. let me just mention a few concerns of mine. line is the tendency toward...
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Jul 11, 2011
07/11
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let's take another look at this because it shows a big share of the capital gain tax expenditure goes to the top fifth. it looks like about 95% of tax expenditure accrues in the top fifth. you'll see about 50% of it accrues to the top one-tenth of 1%. do we think it would make sense in the current economic climate to double or triple the tax hit on investment? at one point at least the president's answer was no. in august 2009, the president was asked by a resident of indiana -- quote -- "explain how raising taxes on anyone during a deep recession is going to help the economy." here is the president's response -- quote -- "normally you don't raise taxes in a recession which is why we haven't and why we've instead cut taxes. you don't raise taxes in a recession. we haven't raised tax in a recession. unquote. so what is their fourth choice? their fourth choice would be coming clean with the american people. under this option, they would say tax expenditures disproportionately go to families who are not rich. they would acknowledge cutting back tax expenditures was part of a deficit-redu
let's take another look at this because it shows a big share of the capital gain tax expenditure goes to the top fifth. it looks like about 95% of tax expenditure accrues in the top fifth. you'll see about 50% of it accrues to the top one-tenth of 1%. do we think it would make sense in the current economic climate to double or triple the tax hit on investment? at one point at least the president's answer was no. in august 2009, the president was asked by a resident of indiana -- quote --...
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Jul 12, 2011
07/11
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do you agree with the "new york times"? >> guest: i do. i think consequences of us not moving forward on a debt ceiling increase are dire. we've never seen it here in america. we've seen it in other countries. the picture is not a pretty one. it is a picture that includes probably a pretty steep drop in the stock market. it probably, we are at historic low interest rates. if we look at as, these negotiations are moving forward, one of the things where the budget is so low, i mean in terms of, interest on the national debt, if these interest rates were to spike, that proportion of the national debt is even larger in terms of what the budget looks like. so --. >> host: we're here from the news update from the c-span radio the markets are reacting to what's happening over in europe. this is financial times this morning. markets rocked as debt crisis deepens in both italy and spain. the markets are reacting to that. when do you think you see investors start to react to the debt talks here if no deal is reached and they got closer and closer to
do you agree with the "new york times"? >> guest: i do. i think consequences of us not moving forward on a debt ceiling increase are dire. we've never seen it here in america. we've seen it in other countries. the picture is not a pretty one. it is a picture that includes probably a pretty steep drop in the stock market. it probably, we are at historic low interest rates. if we look at as, these negotiations are moving forward, one of the things where the budget is so low, i...
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Jul 19, 2011
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guest: the president said he wanted deal by july 22. i would putut my money
guest: the president said he wanted deal by july 22. i would putut my money
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Jul 14, 2011
07/11
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you have to show your cards. you have to show where you're going to raise taxes, where you're going to cut spending and how much the deficit's going to be after it's all over. and president obama's budget received such a poor reception because it was so unbalanced and irresponsible that i guess maybe they decided it would be fooli foolish, as the leader said, for the senate to even produce one. and that's not a good reason, in my view. senator paul, i know it might be appropriate that we yield at this point to our colleagues and let them share any remarks. mr. paul: i have a question before we finish. the one question i have is we haven't had a budget in two years. when was the last time we had appropriations bills and are we working in the committee? see, the people expect us to come up here and do our job, and i would think our job is in committee, we deliberate over a budget, in your budget committee, over appropriations. are we deliberating over appropriations or have we had any committee hearings on the debt
you have to show your cards. you have to show where you're going to raise taxes, where you're going to cut spending and how much the deficit's going to be after it's all over. and president obama's budget received such a poor reception because it was so unbalanced and irresponsible that i guess maybe they decided it would be fooli foolish, as the leader said, for the senate to even produce one. and that's not a good reason, in my view. senator paul, i know it might be appropriate that we yield...
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Jul 29, 2011
07/11
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president, "the new york times" on wednesday had this story." on all levels of the economy, concern about the impasse." what they were talking about is the rating agencies saying if we don't do both, if we don't extend the debt limit and deal effectively with the debt itself, they're going to downgrade the rating of our credit as a country. mr. president, the story goes on to say -- "economists and analysts are trying to gauge the cost to the economy and the consumers. if the united states loses its solid gold credit rating, a move that appears more likely now that the standoff in washington over government spending has calcified. some economists say the effects of lowering the federal government's credit rating to aa from aaa can be measured in the billions of dollars, in increased borrowing costs for the government and in the billions more that consumers, corporations, states and municipalities will have to pay for their credit. it also could erode consumer and business confidence, slowing even further the economy and job creation." mr. presid
president, "the new york times" on wednesday had this story." on all levels of the economy, concern about the impasse." what they were talking about is the rating agencies saying if we don't do both, if we don't extend the debt limit and deal effectively with the debt itself, they're going to downgrade the rating of our credit as a country. mr. president, the story goes on to say -- "economists and analysts are trying to gauge the cost to the economy and the consumers....